Egg Harbor Township, N.J.-based AtlantiCare has been part of Danville, Pa.-based Geisinger since 2015. AtlantiCare voted to break away from Geisinger in September 2019, and the systems announced in March that they were severing the merger. They finalized the transaction Oct. 31.
“Finalizing the separation of our organizations best positions us to continue providing high-quality health care services in the respective communities we serve in Pennsylvania and New Jersey,” the systems said in a joint statement. “We are grateful to all who have supported this mutual agreement, which preserves both organizations’ long-term success and allows for the most appropriate use of our non-profit, charitable resources for many years to come.”
The two systems said they will continue their collaboration on the New Jersey campus of the Geisinger Commonwealth School of Medicine.
More articles on healthcare industry transactions:
Intermountain + Sanford: 5 things to know about the $15B merger
Tennessee hospital to end partnership with Vanderbilt
CHS divests Texas hospital
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.